Kava (KAVA) Crypto Exchange
Instantly exchange Kava at the best KAVA exchange rate on ChangeNOW. Free of limits, accounts, and worries. Spend your time and energy on what matters — we’ll handle the rest.
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What is KAVA
Kava is a Layer-1 blockchain that allows users to borrow and lend crypto assets. It was co-founded in 2018 by Brian Kerr, Ruaridh O’Donnell, and Scot Stuart, the creators of Kava Labs. The Kava blockchain is built on Cosmos, unlike most other DeFi projects. The project was created to encourage the participation of developers in Web3 and blockchain technologies.
The Kava network utilizes the co-chain architecture allowing it to benefit from https://changenow.io/currencies/cosmos’ Tendermit consensus engine and Ethereum’s support of smart contracts. The two co-chains function with the help of a translator module that allows for smooth interoperability and scalability. The Kava network is governed by Kava DAO, a fully decentralized autonomous organization. KAVA is the network’s native token and acts as both a utility and governance token, allowing KAVA holders to manage the decisions concerning the network fully. Users can also utilize it to earn staking and delegation rewards that amount to 37.5% of all KAVA commissions. A portion of KAVA emissions is also rewarded to developers of protocols on both the Ethereum and Cosmos co-chain which incentivizes the Kava ecosystem’s usage and growth.
In August 2021, the Kava network announced that Kava Swap, the network’s liquidity hub, officially completed the CertiK Audit. During the audit, 7 minor issues were detected and were immediately addressed by the Kava Labs engineers.
